The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Other Mining And Quarrying 08 - Other mining and quarrying
200 - 300 jobs Number of planned job losses
Announcement Date
9 August 2013
Employment effect (start)
Foreseen end date
1 May 2014
Description
Magyar Magyar Alumínium Termelő és Kereskedelmi (Mal) Zrt. notified its works council of the mass dismissal of 200-300 workers at its site in Ajka. The company, which is under liquidation, terminated the bauxit processing at the site by the end of July 2013.
According to the Labour Code the works council has 10 days to prepare a response to the notification about the dismissals.
The dismissals will take place in scheduled periods within the end of 2013, but could be prolonged until 1 May 2014.
According to the chair of the works council this restructuring is the second largest wave of dismissals (the first was in February this year) after the great mud disaster in 2011.
Eurofound (2013), Magyar Alumínium Termelő és Kereskedelmi (Mal), Bankruptcy in Hungary, factsheet number 75759, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75759.
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